Sunday, October 31, 2010

DailyMarkets.com - A Simple But Critical Level To Watch On The S&P 500

DailyMarkets.com - A Simple But Critical Level To Watch On The S&P 500

A Simple But Critical Level To Watch On The S&P 500

Posted: 31 Oct 2010 11:30 AM PDT

We all try to make charting complex, but sometimes it's the simplest facts and realities that give us clues to the most important turns or inflections in a major market.

We're at one of those points right now in the S&P 500 – as seen on the Weekly chart below in simplest terms:

I'm only showing the 200 week Simple Moving Average and the three times it's been effective in forming a short/intermediate term peak in the S&P 500.

It happened initially in August … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Consuelo Mack Interview With David Winters And Sunday Link-Fest

Posted: 31 Oct 2010 10:20 AM PDT

… [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/USD Weekly Outlook: November 1-5

Posted: 31 Oct 2010 08:41 AM PDT

Forex Pros – Last week saw the euro close lower against the U.S. dollar for the second consecutive week, amid ongoing speculation over the scope and potential of expected monetary easing by the U.S. Federal Reserve.

EUR/USD hit 1.3733 on Tuesday, the pair's lowest since October 20; the pair subsequently consolidated at 1.3945 by close of trade on Friday, shedding 0.18% over the week.

The euro closed higher on the day on Friday, erasing losses following the release of significantly … [visit site to read more] or compare Best Credit Cards and Best CD Rates

The Power Of Freedom Overcomes All Obstacles

Posted: 31 Oct 2010 08:25 AM PDT

Don Boudreaux explains how the immense strengths behind freedom and the human spirit provide the power to triumph over all obstacles – both those obstacles that result from natural disasters like earthquakes, and man-made obstacles like taxes and regulation.  Call it a “Ganesha-like” power of freedom to overcome all obstacles: 

“Freedom is a beautiful flower with more robustness than crabgrass. Freedom is not delicate or easily uprooted, and is not a frail institution that collapses … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Weekly Outlook: November 1-5

Posted: 31 Oct 2010 08:16 AM PDT

Forex Pros – Last week saw the pound surge to close at a 2-week high against the U.S. dollar after official data showed that U.K. GDP jumped unexpectedly in the third quarter and as uncertainty over easing continued to weigh on the U.S. dollar.

GBP/USD hit 1.5895 on Tuesday, the pair's highest since October 19; the pair subsequently consolidated at 1.6039 by close of trade on Friday, jumping 2.24% over the week.

Cable is likely to find support at 1.5761, last Thursday's low and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CAD Weekly Outlook: November 1-5

Posted: 31 Oct 2010 07:29 AM PDT

Forex Pros – Last week saw the U.S. dollar retreat from a 5-day high to close down against its Canadian counterpart amid uncertainty over the scope and potential impact of fresh monetary easing by the Federal Reserve.

USD/CAD hit 1.0338 on Wednesday, the pair’s highest since October 20; the pair subsequently consolidated at 1.0192 by close of trade on Friday, shedding 0.56% over the week.

The pair is likely to find support at 1.0116, the low of October 18, and resistance at 1.0338, the high … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – AUD/USD Weekly Outlook: November 1-5

Posted: 31 Oct 2010 06:37 AM PDT

Forex Pros – Last week saw the Australian dollar close lower against its U.S. counterpart for the second consecutive week amid speculation that Australia's central bank will leave its benchmark interest rate on hold next week.

AUD/USD hit 0.9651 on Wednesday, the pair's lowest since October 5; the pair subsequently consolidated at 0.9834 by close of trade on Friday, shedding 0.35% over the week.

The pair is likely to find support at 0.9865, last Wednesday's low and resistance at … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – NZD/USD Weekly Outlook: November 1-5

Posted: 31 Oct 2010 05:45 AM PDT

Forex Pros – Last week saw New Zealand's dollar close a 15-month high against its U.S. counterpart amid growing expectations of an interest rate hike by New Zealand's central bank and as uncertainty over easing continued to weigh on the U.S. dollar.

NZD/USD hit 0.7404 on Wednesday, the pair's lowest since October 5; the pair subsequently consolidated at 0.7660 by close of trade on Friday, jumping 2.18% over the week.

On Wednesday, the Reserve Bank of New Zealand kept its official cash … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CHF Weekly Outlook: November 1-5

Posted: 31 Oct 2010 04:42 AM PDT

Forex Pros – Last week saw the U.S. dollar advance to a 5-week high against the Swiss franc before pairing gains amid uncertainty over the scope and potential impact of a fresh round of monetary easing by the U.S. Federal Reserve.

USD/CHF hit 0.9928 on Wednesday, the pair's highest since September 22; the pair subsequently consolidated at 0.9821 by close of trade on Friday, gaining 0.78% over the week. 

The pair is likely to find support at 0.9571, the low of October 20 and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Weekly Outlook: November 1-5

Posted: 31 Oct 2010 03:59 AM PDT

Forex Pros – Last week saw the U.S. dollar close at a record low against the yen on Friday, against a backdrop of uncertainty over the scope and potential impact of a fresh round of monetary easing by the U.S. Federal Reserve.  

USD/JPY hit 81.97 on Wednesday, the pair's highest since October 13; the pair subsequently consolidated at 80.37 by close of trade on Friday, tumbling 1.09% on the week.

The pair is likely to find short-term support at 79.75, the low of April 19 1995 and … [visit site to read more] or compare Best Credit Cards and Best CD Rates
at

No comments:

Post a Comment